351 FRIEL STREET, Ottawa

About this property

Rare opportunity to acquire a recently expanded and substantially renovated multi-unit investment property in the heart of Sandy Hill, just steps from the University of Ottawa. Currently fully occupied, the property is configured as six rental suites comprising 18 bedrooms, including a mix of 2-bedroom, 3-bedroom and shared accommodation units catering to students and young professionals in one of Ottawa's strongest rental markets. All suites are furnished and equipped with a fridge, stove and microwave, with owned shared laundry facilities and three rented parking spaces providing additional income. Significant capital improvements have been completed in recent years, providing established in-place rental income with opportunities to optimize returns over time. Excellent walkability to the University of Ottawa, Rideau Centre, ByWard Market, LRT stations and downtown employment centres. An attractive opportunity for investors seeking a well-located asset with strong rental demand and long-term growth potential. Property being sold under Power of Sale. Current rent roll, leases and due diligence materials available to qualified purchasers. (id:66939)